Phone retailers eye La Senza’s estate

Several major retailers are eyeing La Senza’s store estate after it collapsed into administration earlier this month.

Vodafone; EE and O2 are among the retailers battling it out to acquire the lingerie company, reports Retail Week.

Footwear companies are also thought to be preparing to bid for the estate.

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La Senza’s collapse is the second in two years. Marnixheath, the UK division of Middle Eastern trading house Alshaya bought La Senza out of administration in a pre-pack deal in 2012.

The group said in a statement: "Every effort has been made for two and a half years to transform and revitalise the La Senza UK business, but it has continued to experience difficult trading conditions, against the backdrop of a challenging economy and the changing dynamics of the UK retail market.”

La Senza’s current administrator, PricewaterhouseCoopers, is in the process of closing the retailer’s 55 UK stores.